REGISTERED NUMBER: 08255301 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KOVACS GROUP LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

469,849

193,210

469,849

193,210

CURRENT ASSETS

Debtors

6

114,769

257,494

Cash at bank

355,444

240,142

470,213

497,636

CREDITORS

Amounts falling due within one year

7

(360,599

)

(288,653

)

NET CURRENT ASSETS

109,614

208,983

TOTAL ASSETS LESS CURRENT LIABILITIES

579,463

402,193

CREDITORS

Amounts falling due after more than one year

8

(190,981

)

(68,558

)

PROVISIONS FOR LIABILITIES

(113,338

)

(44,466

)

NET ASSETS

275,144

289,169

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

275,143

289,168

275,144

289,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2025 and were signed by:

R D Kovacs - Director

1.	STATUTORY INFORMATION

Kovacs Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08255301

Registered office:

Eliot Park Innovation Centre

4 Barling Way

Nuneaton

CV10 7RH

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1,060 (2024 - 252 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

4,452

AMORTISATION

At 1 April 2024

and 31 March 2025

4,452

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

9,935

254,918

20,825

285,678

Additions

13,308

377,661

4,323

395,292

Disposals

-

(68,918

)

-

(68,918

)

At 31 March 2025

23,243

563,661

25,148

612,052

DEPRECIATION

At 1 April 2024

4,774

75,608

12,086

92,468

Charge for year

2,099

91,179

4,327

97,605

Eliminated on disposal

-

(47,870

)

-

(47,870

)

At 31 March 2025

6,873

118,917

16,413

142,203

NET BOOK VALUE

At 31 March 2025

16,370

444,744

8,735

469,849

At 31 March 2024

5,161

179,310

8,739

193,210

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

111,305

Other debtors

114,769

146,189

114,769

257,494

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

196,566

42,542

Taxation and social security

48,063

149,012

Other creditors

115,970

97,099

360,599

288,653

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

190,981

68,558

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

387,547

111,100

10.	OTHER FINANCIAL COMMITMENTS

The company had off-balance sheet lease commitments of £4,070 in 2025 (2024 £nil).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R D Kovacs

Balance outstanding at start of year

107,878

1,577

Amounts advanced

-

106,301

Amounts repaid

(165,663

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(57,785

)

107,878